Home > Press > Global Revenues from Products Incorporating Nanotechnology to Reach US$2.8 Trillion by 2015, According to a New Report by Global Industry Analysts, In

Abstract:
About seven years after the National Science Foundation's popular trillion dollar forecasts for the year 2015, Nanotechnology is yet to pick up desired momentum in terms of product commercialization. While a few players have been successful in moving out their newly developed disruptive and revolutionary technologies out of the lab and into the actual market, a majority of players are still either at the design board or fine-tuning their commercialization initiatives.

Global Revenues from Products Incorporating Nanotechnology to Reach US$2.8 Trillion by 2015, According to a New Report by Global Industry Analysts, In

San Jose, CA | Posted on March 12th, 2008

Driven by an expected exponential growth in commercialization successes in the healthcare and electronics sectors, worldwide revenues from products incorporating Nanotechnology are projected to exceed US$2.78 trillion by end of the year 2015.

Chemical industry currently dominates the Nanotech arena in terms of maturity of R&D efforts and actual product commercialization, and worldwide revenues are projected to exceed US$82 billion in 2008. Pharma & Healthcare industries for instance are projected to post the fastest annual growth rates in terms of annual revenues from nanotech-incorporated products over the next ten years, at a CAGR of 88.2% over the years 2006 through 2015. Revenues from products incorporating nanotechnology in the semiconductors/electronics arena are projected to exceed US$1 trillion by 2014.

Multinationals call the shots given their ability to supply a diverse range of nanomaterials in a cost effective format, while relatively recent start-ups aim to create market niche through value creation. A steady increase in the number of nanomaterial manufacturers has helped in easing concerns regarding a steady supply into the market for R&D and commercialization.

Japan is projected to surpass all other countries in terms of government funding for nanotechnology over the years 2006 through 2010. The country is estimated to receive about US$6 billion in the form of funds from the government for research and development in Nanotechnology. The Governments of Asia-Pacific are displaying due interest in funding the development related to Nanoscience and Nanotechnology in the region. However, the US is estimated to trial behind Japan with total funding of about US$5.6 billion followed by the European Union, which is estimated to receive about US$4.6 billion in funds over the period 2006-2010.

"Nanotechnology: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the global market with focus on regional specific issues and trends. The report provides a comprehensive review of market drivers, business profile, players, competitive landscape, recent developments, mergers, acquisitions, alliances, product launches and other strategic industry activities. Analytical estimates and projections are presented in terms of annual revenues in US$ over the years 2006 through 2015. End-use sectors independently analyzed in the report include Chemicals, Automotive, Aerospace & Defense, Semiconductors & Electronics, Pharma & Healthcare, Food, and Other End-use Markets.

For more details about this research report, please visitwww.strategyr.com/Nanotechnology_Market_Report.asp.

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